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The Overvaluation of Renminbi Undervaluation

Research, Hong Kong Institute for Monetary and Financial - 2022

This working paper was written by Yin-wong Cheung (University of California, Santa Cruz), Menzie D. Chinn (University of Wisconsin, Madison and NBER) and Eiji Fujii (University of Tsukuba).We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of...

Persistent link: https://www.econbiz.de/10014048647

On the Distributional Effects of Exchange Rate Fluctuations

Tille, Cédric - 2006

The paper studies the differential impact of exchange rate fluctuations on households in a country. I extend earlier research by relaxing the assumption of complete international sectoral specialization. My setup allows for the presence of several different sectors in a given country, each...

Persistent link: https://www.econbiz.de/10014056746

Is the Chinese currency substantially misaligned to warrant further appreciation?

Qin, Duo; He, Xinhua - 2010

This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our...

Persistent link: https://www.econbiz.de/10003933130

Is the Chinese currency substantially misaligned to warrant further appreciation?

Qin, Duo; He, Xinhua - 2010

Persistent link: https://www.econbiz.de/10003933930

China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration

Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …

Persistent link: https://www.econbiz.de/10011514149

Renminbi's Misalignment : A Meta-Analysis

Bineau, Yannick - 2011

This paper presents the results of a meta-regression analysis of empirical estimates of Renminbi misalignments. Seventeen articles and 130 observations dealing with empirical estimates of the misalignment of Chinese currency are collected. This meta-analysis shows that real exchange rate...

Persistent link: https://www.econbiz.de/10013121960

RMB Undervaluation and Appreciation

Zhang, Zhibai - 2012

appreciation path satisfies the interests of both China and the US …

Persistent link: https://www.econbiz.de/10013101322

Understanding the Behavioral Equilibrium Exchange Rate Model Via its Application to the Valuation of Chinese Renminbi

Zhang, Zhibai - 2012

In this paper, the behavioral equilibrium exchange rate (BEER) model used in a time-series setting is investigated, via its application to the valuation of Chinese renminbi. A classical definition with its generalization is given. The different misalignment results derived from the BEER models...

Persistent link: https://www.econbiz.de/10013102922

Exchange Rate Misalignment - The Case of the Chinese Renminbi

Cheung, Yin-Wong - 2013

Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …

Persistent link: https://www.econbiz.de/10013091077

The Implications of Liquidity Expansion in China for the US Dollar

Kang, Wensheng - 2016

years with growing importance of China's money supply to global liquidity. We develop out-of-sample forecasts of the US …, China and non-US/non-China liquidity. Monetary model forecasts significantly outperform a random walk forecast in terms of … indicates changes over time in the influence of variables in forecasting the US dollar. China's liquidity has a distinct …

Persistent link: https://www.econbiz.de/10013000233

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